Melrose cited for loan policies, concentration risk and underfunded ALLL, among other things, regarding its taxi medallion loans.
The Louisiana league reports CUs are struggling to get back up and running while coping with devastating personal losses.
Mainly due to its underperforming taxi medallion loan portfolio, Melrose posts a net loss of $57M.
The recognition can lead to greater employee engagement and help improve recruiting efforts.
NAFCU’s speaker lineup for the September event also includes CFPB Director Richard Cordray.
After defrauding Valor FCU, Sean Jelen sues Nassau Financial for rescinding a CEO job offer after learning of his disability.
Former GTE Financial President/CEO Joe Brancucci pops back up as president of new CURateReset CUSO.
Jolina Sanchez defrauds two small businesses while being indicted for embezzling from a merged credit union.
David Van Rossum joins Service CU and Unitus Community CU appoints Steven Stapp.
One league CEO fears the move, which NAFCU members will begin voting on Wednesday, will fracture the credit union movement.